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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Ruffian who wrote (75456)	7/6/2000 11:36:10 AM
From: Wyätt Gwyön	Respond to of 152472

Back on June 14 (with QCOM trading at 73 1/2), Briefing made an interesting technical call on QCOM> While the earnings news clearly has been the driving force today, the failure to mount a more impressive recovery and the intraday penetration of a short term support at 74 imply that (QCOM) is positioned for another run at the May low (60). Initial support on a breakout comes into play in the 55/50 congestion area. The key resistance that must fall over the very near term to negate the current weaker bias is at 82.